Project covers introduction, implementation and scaling up a holistic blockchain based payment suite. Unlike other blockchain based initiatives project does not use any cryptocurrencies. It based on national regulated currencies - initial blocks representing monetary values can be created only by an authorized entity (Electronic Money Publisher, according to European Union regulations).
The project vision is to create an eco-trading system with Electronic Money that would function in parallel with current payment systems. The mission is the provision of payment services based on blockchain technology, in areas where currently the so-called alternative payments, and traditional methods of payment do not solve the problems of end users. The use of blockchain technology allows to provide cheaper, faster services with better "User experience" and more tailored to the needs of target groups of recipients. At the same time, it eliminates the risk from the system by combining authorization, settlement, information and document flow into one transaction.
Project covers two main product lines, dedicated for different market sectors:
- motivations and loyalty tool - a product intended for Users - entrepreneurs, allowing, in a simple and cost-effective manner, to motivate mass groups of people using, several types of payments (bonuses, rewards, etc.)
- e-commerce payments and monetization of online content - a product intended for microentrepreneurs and online stores offering their goods / content on the Internet and using their services to individuals, allowing them to make and accept payments even at a very low value. The product can be also adjusted for marketplaces creating unique split payment solution for uber-like services.
Additionally project is the basis of blockchain based payments without cryptocurrency usage, that can be used for interbank or intercompany transborder money transfers in national currencies.
